Coro Southern California Inc
- Assets
- $3.6m
- Revenue
- $2.2m
- Investments
- $953.6k
- Employees
- 11
- Location
- Los Angeles, CA
- Founding
- 07/1994
- Data as of
- 06/2023
- EIN
- 95-4274561
Organization Overview
Coro Southern California Inc is located in Los Angeles, CA. The organization was established in 1994. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2023, Coro Southern California Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coro Southern California Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Coro Southern California Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $2.0m during the year ending 06/2023. While expenses have increased by 15.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CORO'S MISSION IS TO STRENGTHEN THE DEMOCRATIC PROCESS BY PREPARING INDIVIDUALS FOR EFFECTIVE AND ETHICAL CIVIC LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FELLOWS PROGRAM - CORO BUILDS REGIONAL LEADERSHIP CAPACITY THROUGH FULL-TIME PREPARATION AND PLACEMENT OF 12 NATIONALLY SELECTED INDIVIDUALS FROM DIVERSE BACKGROUNDS, WHO LEARN TO BECOME CIVIC-MINDED LEADERS THROUGH ACTION, WITH LOS ANGELES AS THEIR CLASSROOM.
LEADERSHIP PROGRAMS - SHORT PROGRAMS ARE DESIGNED TO HELP LEADERS IN OUR REGION WORK MORE EFFECTIVELY TO CONFRONT COMMON CHALLENGES AND STRENGTHEN OUR SYSTEM OF DEMOCRATIC SELF-GOVERNANCE.
COVENINGS - CORO'S ONE-DAY CONFERENCE BROUGHT TOGETHER 300 LEADING TECHNOLOGY INNOVATORS, POLICYMAKERS, SCHOLARS, AND KEY CIVIC LEADERS TO EXPLORE THE INTERSECTION OF TECHNOLOGY AND DEMOCRACY, AND THE WAYS WE CAN AND MUST ADAPT TO MAKE DEMOCRACY WORK IN THE DIGITAL AGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalie Samarjian President And CEO | OfficerTrustee | 40 | $240,877 |
Rusty Hicks Board Chair | OfficerTrustee | 2 | $0 |
Raul Bustillos Vice Chair | OfficerTrustee | 2 | $0 |
Jenny Delwood Secretary | OfficerTrustee | 2 | $0 |
Betsy O'brien Treasurer | OfficerTrustee | 5 | $0 |
Zanku Armenian Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $541,360 |
| Related organizations | $0 |
| Government grants | $59,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,102,201 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,702,561 |
| Total Program Service Revenue | $598,714 |
| Investment income | $7,348 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$706 |
| Net Income from Fundraising Events | -$102,301 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,205,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $101,840 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $263,630 |
| Compensation of current officers, directors, key employees. | $4,394 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $805,878 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,576 |
| Payroll taxes | $80,152 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,845 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,885 |
| Fees for services: Other | $192,067 |
| Advertising and promotion | $49,491 |
| Office expenses | $49,810 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,011 |
| Travel | $47,419 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $198,217 |
| Interest | $7,845 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,691 |
| Insurance | $16,175 |
| All other expenses | $0 |
| Total functional expenses | $1,958,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $811,243 |
| Savings and temporary cash investments | $1,796,997 |
| Pledges and grants receivable | $35,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,625 |
| Net Land, buildings, and equipment | $15,489 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $953,561 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,640,915 |
| Accounts payable and accrued expenses | $40,579 |
| Grants payable | $0 |
| Deferred revenue | $215,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $255,579 |
| Net assets without donor restrictions | $2,145,644 |
| Net assets with donor restrictions | $1,239,692 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,640,915 |